51. In the short run analysis, MP = 0 at the level in which
52. Which is the correct statement about GNP?
53. Under perfect competition a firm can produce with
54. Which of the following is the correct statement?
1. The slope of the Isoquants represents the MRTS
2. The MRTS of the inputs x and y = $$\frac{{{\text{M}}{{\text{P}}_{\text{x}}}}}{{{\text{M}}{{\text{P}}_{\text{y}}}}}$$
3. The elasticity of substitution between two inputs x and y is proportionate change in the ratio of two inputs divided by proportionate change in the MRTS
4. If degree of homogeneity is greater than one, the production function is increasing returns to fixed factor
1. The slope of the Isoquants represents the MRTS
2. The MRTS of the inputs x and y = $$\frac{{{\text{M}}{{\text{P}}_{\text{x}}}}}{{{\text{M}}{{\text{P}}_{\text{y}}}}}$$
3. The elasticity of substitution between two inputs x and y is proportionate change in the ratio of two inputs divided by proportionate change in the MRTS
4. If degree of homogeneity is greater than one, the production function is increasing returns to fixed factor
55. In short run, the law of variable proportions is also known as the
56. Lerner's index of monopoly power is
57. If the GNP is Rs. 550 crore and NNP is Rs. 475 crore, the depreciation is
58. Who proposed the degrees of price discrimination?
59. When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situ ation is called
60. The indifference curve which is 'L' shaped represents
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